LyondellBasell Industries (NYSE:LYB) Stock Position Decreased by Independent Advisor Alliance

Independent Advisor Alliance cut its stake in shares of LyondellBasell Industries (NYSE:LYBGet Rating) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,253 shares of the specialty chemicals company’s stock after selling 197 shares during the quarter. Independent Advisor Alliance’s holdings in LyondellBasell Industries were worth $643,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LYB. Core Wealth Advisors Inc. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $28,000. Covestor Ltd purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $34,000. KRS Capital Management LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $35,000. Finally, US Asset Management LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at $40,000. 69.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total transaction of $294,201.60. Following the completion of the transaction, the director now owns 7,020 shares in the company, valued at $782,308.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 33,880 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total transaction of $3,758,647.20. Following the completion of the transaction, the chief financial officer now owns 39,612 shares in the company, valued at $4,394,555.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total transaction of $294,201.60. Following the transaction, the director now owns 7,020 shares of the company’s stock, valued at approximately $782,308.80. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

LyondellBasell Industries Stock Up 0.1 %

LYB stock opened at $85.61 on Friday. LyondellBasell Industries has a twelve month low of $82.14 and a twelve month high of $117.22. The company has a market cap of $27.93 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. The business’s 50-day simple moving average is $92.68 and its 200 day simple moving average is $99.52. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.90.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $0.28. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the business earned $6.13 earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 17.12 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, June 13th. Investors of record on Monday, June 6th were given a dividend of $5.20 per share. This represents a yield of 4.2%. The ex-dividend date was Friday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 29.01%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LYB. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho cut their price objective on LyondellBasell Industries from $132.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a report on Monday, August 1st. Barclays cut their price objective on LyondellBasell Industries from $110.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.26.

About LyondellBasell Industries

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LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

See Also

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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